Due to the positive trigger, some stocks may remain in focus in the business of today i.e. July 8, 2022. If you are looking for better stocks in intraday, then you can keep an eye on them.
Stocks in Focus Today: In the volatile market today i.e. on July 8, 2022, some stocks are ready to show action. Due to the positive trigger, these stocks can remain in focus in the market today. If you are looking for better stocks in intraday, then you can keep an eye on them. Today’s list includes TCS, Tata Power, Mahindra & Mahindra, Tata Motors, Vedanta, Dr Reddy’s Laboratories, Vakrangee, Kalpataru Power Transmission, Shriram City Union, Response Informatics, Xelpmoc Design and Tech, Pricol. Positive activities have been seen in many of these companies. Some have entered into agreements or investments with other firms to grow the business. At the same time, some have issued or are going to issue quarterly numbers.
TCS
IT sector giant TCS is going to release its results for the June quarter today. The company’s revenue is expected to increase by 4-5 percent on a quarterly basis. The company had a revenue of Rs 50,591 crore during the March quarter, while the profit was Rs 9926 crore.
Tata Power
Tata Power has announced an investment of over Rs 75,000 crore in renewable energy over the next 5 years. Chairman N Chandrasekaran said the company aims to generate 30 GW of power generation capacity during the same period, of which more than half comes from clean energy sources.
Mahindra & Mahindra
British International Investment will invest 1,925 million, or up to $250 million, in a new electric passenger vehicle company to be set up by M&M. The investment was at a valuation of up to Rs 70,070 crore.
Tata Motors
Jaguar Land Rover has sold 78,825 units for the three-month period ended June 2022. This is 37 percent less than the previous quarter and flat growth on a quarterly basis. Despite a record order book of 2 lakh units, sales were hampered due to chip shortage globally.
Vedanta
Vedanta has said that it will acquire debt-ridden Athena Chhattisgarh Power Limited for Rs 564.67 crore. The process of liquidation for the company was started in March last year.
Dr Reddy’s Laboratories
The US FDA has issued Form 483 with 2 observations after inspecting the manufacturing facility located in Srikakulam, Andhra Pradesh.
